HCL INFOSYSTEMS & NAUTILUS HYOSUNG TIE UP TO PROVIDE MULTI-FUNCTION ATMs FOR THE INDIAN BANKING SECTOR

Mar 9, 2009

, Mumbai

HCL’s latest solution is in line with the company’s ongoing effort to offer complete banking services for Indian Banks

HCL Infosystems, India’s premier information enabling, ICT System Integration Company today announced a formal tie-up with Korean major Nautilus Hyosung, to provide complete ATM solutions for Indian banks across the country with special emphasis on service offering for rural India. HCL Infosystems’ System Integration strengths coupled with the product domain expertise of Nautilus Hyosung, a leader in ATM Business with over 40% market share in Korea and a global ATM player has been offering the Indian Banking Sector a range of products and services as India expands its ATM penetration within the country since May 2008.

With just 38000+ ATMS in India, a country with a population of over 1.2 billion, there is a huge demand for ATM banking services across India. Nautilus Hyosung comes with extensive knowledge and Product experience on both the ATM & various application software platforms and remote management solutions to make the ATM an effective channel.

Commenting on the partnership, Mr. JV Ramamurthy, COO, HCL Infosystems said, “HCL has been working with major banks across the country for the past 33 years and with our 500+ service touch points spreading across 4000 cities we are well placed to address the market anywhere in India. We are very excited about this project as we believe that this partnership will make banking a smoother experience for many banking customers in the urban and rural areas.”

Speaking on the occasion, Mr. Hyun Sik Sohn, Sr. Executive Vice President, Nautilus Hyosung, said, “Banking in India has come a long way due to a combination of factors like increasing consumer awareness, technological advancement and growing financial value. Our tie-up with HCL is definitely a long-term commitment, which will bring value to the Indian banks and will definitely give a good opportunity to get closer to the customers across India.”

India being an emerging market has high growth rate and size. Number of ATM installations is approximately 38,000 units and the ATM’s per million people approximately is 33 units as compared to Korea which is 1,920 units. Experts forecast that the growth rate (CAGR) is expected to grow 18% up by 2013. Banks going into a self service model can have huge potential savings and increase the convenience for the customers.

The “HCL Nautilus” range of ATM’s will offer products that have been customized to the various requirements of the Indian Market. Combining ATM Design & Manufacturing strengths of Nautilus Hyosung and the experience of HCL in designing products for the Indian market, this ATM incorporates technology designed to meet the implicit challenges of India.

Looking ahead HCL & Nautilus will launch Rural ATMs meant for deployment by banks in locations with relatively low transaction volumes and also help in the Financial Inclusion initiatives of banks. This solution is thus the ideal vehicle to offer cost-effective ATM convenience to the largely untapped rural areas taking the power of banking to every Indian.

With the global expertise of Nautilus Hyosung and the System Integration and pan India support strengths of HCL Infosystems; the Indian banking industry will have a proven state of art end to end ATM product & solution partner.

About HCL Infosystems

HCL Infosystems Ltd, with revenue (LTM) of US $ 2.8 billion (Rs. 12,439 crores) is India’s premier information enabling and ICT System Integration company offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL is a one-stop-shop for all the ICT requirements of an organization.

HCL has India’s largest distribution and retail network, taking to market a range of Digital Lifestyle products in partnership with leading global ICT brands, including Apple, Cisco, Ericsson, Kingston, Kodak, Konica Minolta, Microsoft, Nokia, Toshiba, and many more.

HCL today has India’s largest vertically integrated computer manufacturing facility with over three decades of electronic manufacturing experience & HCL desktops is the largest selling brand into the enterprise space.

With India’s largest ICT services network that reaches to every corner of India, HCL’s award winning Support Services makes it the preferred choice of enterprise and consumers alike.

HCL Infosystems has a 100% subsidiary that addresses the physical security technology system integration market. The subsidiary leverages technology to build a security framework called ‘Safe State’ that will safe guard life, infrastructure & society.

HCL is a $5 billion leading global Technology and IT Enterprise that comprises two companies listed in India – HCL Technologies & HCL Infosystems. The 3-decade-old Enterprise, founded in 1976, is one of India’s original IT garage start-ups. Its range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises over 59,000 professionals of diverse nationalities, who operate from 20 countries including over 500 HCL Touch direct points reaching 4,000 towns in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms.

Nautilus Hyosung are leaders in ATM business with over 40% market share in Korea and presence across continents. Leaders in North American ATM market, Nautilus Hyosung operates out of a 29,000 square foot warehouse and distribution center in Coppell, Texas and is a subsidiary of Hyosung, a Korean multinational conglomerate with revenues in excess of $8 billion per year. Nautilus Hyosung has an installed base of over 120,000 ATM’s in North America including thousands of high-end ATMs in Citibank USA. Nautilus Hyosung has been with Citibank as a Global Certified Vendor.